click to show more information

click to hide/show information About your Search

20121201
20121231
STATION
CNBC 27
CNNW 12
WBAL (NBC) 4
FBC 3
CNN 2
MSNBCW 2
MSNBC 1
WBFF (FOX) 1
WTTG 1
LANGUAGE
English 63
Search Results 0 to 49 of about 63 (some duplicates have been removed)
of italy's companies is with us sounding the alarm and best buy back to its losing ways after surging 16% yesterday. find out if you should pick up the stock at these levels. you're watching "closing bell" on cnbc, first in business worldwide. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chas ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back, the fiscal cliff deadline in the united states is not jus
that could change history, we are not talking about the u.s., how italy's hard times could shut down some of the most famous tourist destinations. do you see this woman? look at her? do you think she is pretty? of course she is. do i find her irresistible, her bosses did and he fired her, and the court ruled in his favor.on we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >> a new weekend of violence and death and explosions in syria. this is damascus, five people were killed when a car bomb blew up. it filled the streets with debris and tore aparty apartment buildings. 30 people died in attacks across syria and half of them were in damascus. this is india, new delhi to be specific. people being blasted with high pressure water hoses, people are furious when a woman was gang raped and beaten on a moving city bus last weekend. protesters are demandsing changes to india's laws and say women are not safe. t
the sniffles so she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month >> if you hire one more he must be disabled? >> number 16 the nextne must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years >> having 350,000 under severanc
she will need another seven days of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> having 350,000 under severance pay
of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers yo have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, thoverwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >>umber 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicappe. >> must qualify as disabled. rates of disability are prty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 mohs severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> having 350,000 under severance pay but now just 200,000. why hire somebody to pay t
. as for the action in europe, really, the action focuses on italy where there's an impending political regime change. more on that in just a moment. the road map starts at the golden arches. mcdonald's blowing out expectations for november sales after the dismal drop in the month of october. hoping to fuel the rise, the bacon/onion/cheddar sandwich. >> there's one thing for certain, taxes on top earners are going up. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had thi
closing at 12:30. the nordic markets all closed for trades today. italy closed for trade. the smi closed for trade. we've got the ftse 1100 a couple of points higher. the cac and the ibex 35 just off marginal marginally, as well. i would like to show you what type of performance we've had on a year-to-date basis. rising somewhere in the region of 15% since the beginning of this year. you will note that we have had had a bit of a rally heading towards december. the question is whether we'll see that continue into next year. looking at a slightly broader base, the 600 index here, year-to-date higher by 15%, as well. europe's largest economy, the german market seeing some pretty significant gains as well as the dow jones stocks 50 up by 50%. so this brings its up, can it really continue next year? that's when you want to glance at barons, indicating over the weekend you could be looking at a rally. 20% next year. they singled out a number of stocks that they mentioned next year. by the way, andrew one look like one of the little elves in denmark dressed in my parents' garden. it's very swee
. the question is what going to become o of the circus known as the political situation in italy but really we do think futures will trade higher again. liz: thank you, john, good to see you. david: shares of diamond foods following double-digit lead. nicole petallides with details as to why. nicole: you think of diamond foods you think of the peanuts and the top-secret popcorn. it really is a household name they came up with numbers in the fourth quarter loss, not good news. that is why the stock was tanking today. all kinds of charges they had according to an accounting scandal investigation, that actually hit their numbers as well. this is why diamond foods was coming under some significant pressure today. back to you. david: president obama visiting a michigan auto plants today discussed in a fiscal crisis. our next guest argues in the long run they could see strong auto sales if ther there's no d% all. joining us now, edmunds.com chief economist. good to see you. how would we be better off if we go for the fiscal cliff at least in auto sales? @> we're better off because we're taking hard med
%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt no
the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback fo
's happening with italian politics. of course, mario monti saying he was going to resign as italy's prime minister. that paves the way for flesh elections to be called in the beginning of next year. yesterday, we saw the negative reaction. sylvia berlusconi wants to make his return on the political scene. today, we saw a bounce back. if you can see see bind me, the bank stocks in italy rerebound, but it's only in the range of .5% to 1% of these names which were down in some cases nearly 10% yesterday. if you take a quick look at european bourses, if that's possible, down near the ftse mib, this is the one selling off somewhere in the range of 3.5% yesterday. today it's adding about .8%. in spain, showing a nice rebound. same attitude listing peripheral debt. we can take a look there. italy and spain seeing prices rise, yields falling to 4.75% and 5.75% respectively. is investor attention returning to spain? here is the thing. italy is the third biggest government debt market in the world. it's the third biggest economy in the eurozone. whatever happens with its political situation could p
was supposed to come to market. italy, oh, my, what happens when italy -- it turns out you had to take it down. i know that john corzine, very controversial figure. that's a code word. but what a trade they almost had. in the news again today. >> almost. >> horseshoes, hand grenades. >> we should point out, gm was certainly not having the easiest of times of it. this morning's stock is up sharply, we're telling you why. the company will buy back at a premium to at least what was the market price as of yesterday, 200 million shares from the government at $27.50. that having the effect of sending the stock above that. why not, if you're gm, you've got all this cash sitting on your balance sheet. you're earning virtually nothing on it, why not take the opportunity, even at a premium, to buy it back by as much as 11%, shrinking the cap by that much. we heard from tim massad who runs t.a.r.p., they'll be dribbling out the shares over time. the next 12 to 15 months. similar to the strategy employed with citi. a bit of it coming out. and finally they cleaned it up with a few big blocks. >> that was v
. the catholic church wants to pretrend it has thrived around the world in socialist countries. yes, italy is a socialist country, as is every country in the world, the united states of america where the movement toward marge equality is far less sociallistic than many countries where it is making little or no progress and the guys who have taken a life time vow have proven again that they know nothing about marriage. and they prove that they don't know much about socialis many either. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] this is karen and jeremia
co om, they co from optimistic people living in rich people like steve jobs or leonardo in italy. they are not driven by desperation or worry. in fact, i think it is the pessimists who are the complacent ones these days because they are saying, you know this is as good as it can get. we cannot make it any better. we better be careful about modified foods in indicate they are worse than existing technology. i think this world is great. but it is a veil of tears compared to what we could achieve. >> and could achieve. so, thank you, matt ridley. coming up, who wants do go into space? soon we will all be able to go there. >> i talk about how innovation makes life better but where is the innovation coming from? politicians say from government. the big success story is america putting a man on the moon but think about it, yes, nasa put a man on the moon but they spent billions and have not been back in 40 years. by contrast, an organization called x prize is offering a prize and now a space ship launched three people into space. they won $10 million. there is another x prize offed for
,000. fears it could be devastating as the storm that killed more than 1200 people last year. >>> well, italy a painting by leonardo da vinci stolen decades ago has been returned. taken from naples back in 1940. it made its way to the black market and went through switzerland, germany, the united states before ending up in a museum in japan. the museum agreed to return it to italy after hammering out a joint custody agreement. >>> well, when we come back, the pictures that caught our attention. don't miss that. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you on
because spending cuts are not working out for italy's government. prime minister mario monti announced he would resign after losing support over his austerity moves. a return of political instability there reminds us that europe still faces a lot of hurdles before it comes out of its economic crisis. countries like greece, spain and italy have been tackling their problems with sharp cuts in spending and higher taxes and that's been fueling recession and unrest. meanwhile, we now know that japan officially slipped into its own recession over the summer with the japanese economy contracting 3.5% between july and september. now, the previous quarter, the previous three months number was also revised lower and that makes for two consecutive quarters of negative growth and that's the classic definition of a recession. from asia, back to america, literally, a group of chinese investors agreed today to buy an 80% stake in aig's aircraft leasing business. back in 2008, the insurance giant was bailed out by the u.s. government to the tune of $180 billion. four years on, still paying back the money
there are two that we're watching for american investors. one is greece, one is italy. the developments today are both good from an american investing perspective because they keep a lid on what's happening in those two respects. in greece there was trouble on the streets of athens last night as a result of left-wing protesters and students out and police using tear gas to disperse them as they protested the death of a teenager as a result of a police shooting four years ago, but the more important thing from a market perspective is that in 30 minutes' time now, the book will close on the greek debt buyback. now, remember what's happening here. the greek government is borrowing 10 billion euros from the rest of europe to buy back its own debt at a discount. if it does that successfully, by midday our time when that book closes, then more cash will flow through from the rest of europe, possibly next week it will be able to repay its bills and capitalize on the banks. let's check the close. >> the european markets are closing now. >> so we kind of went nowhere today. a lot of these markets in e
, they send an airplane over to benghazi and they returned to tripoli -- instead of going to italy or to germany -- then the c-17 has to come -- it makes no sense. it makes absolutely no sense. >> greta: the irony and i have no sympathy for the administration's claiming this is politicized because if they would just simply answer these questions, not drag their feet, maybe we will get it in the next 6 or 7 days, but if they would fill in the blanks, nobody would be suspicious. we get silly answers that don't make sense -- that's the problem. that is created by those who hold the facts. >> that's right! i am not trying to politicize this. we have injured americans! in the worst case ttakes 25 hours to extract them to a facility, an american facility, they're in germany. at the best case, maybe 18 hours and the administration won't answer those questions. these are legitimate questions. i want to talk to that family. they deserve to have answers. we have to make sure this never, ever happens again. when an american goes down, we go get him. this president didn't do that. >> greta: if
with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in t
and italy. the boreses and footy 100, the xetra dax, this has been the outperformer up in the range of 30%. another .3% after the ifo out of germany. came in better than expected. again, a good sign for growth. not necessarily, though, for those who would like to see a weaker europe. the ibex 35 adding 1.3%. and the nikkei, as you mentioned, up above 10,000 for the first time in eight months. adding 2.4%. better hope the moves in the japanese government or bank of japan pan out. we'll get the bank of japan's decision tomorrow. but this comes on the day when, remember, it's on the weakening of the yen which we can show you on hopes that that will help the japanese corporate sector. remember, we saw export figures showing a drop of 20% in exports to the use. 15% to china. again, there's a lot of expectation built to this. the aussie/dollar remains the underperformer as we continue to evaluate china's internal rebalancing. now the sterling is stronger, the dollar/yen you already mentioned. and the euro/dollar to get back to the point about the ifo survey is adding .3% to 132.-- 1.3274. we ge
like steve jobs or leonardo in italy. they are not driven by desperation or worry. in fact, i think it is the pessimists who are the complacent ones these days because they are saying, you know this is as good as it can get. we cannot make it any better. we better be careful about modified foods in indicate they are worse than existing technology. i think this world is great. but it is a veil of tears compared to what we could achieve. >> and could achieve. so, thank you, matt ridley. coming up, who wants do go into space? soon we will all be able to go there. ♪ [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. sowhy let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediat
back as we're talking, rallied back quite a bit in the ten-year bond futures in italy but you know what, politics aside, mario draghi bought himself and europe some time. i don't know what they'll do with it, it will be 2013's story. >> you nailed it, to me every strategy since the crisis hit in this country in my opinion you could call it kick the can but it's about we have no idea what the effects are going to be, what the exit will be or if any of this is going to work but trying to buy time for something to happen. that something has to be growth and i still don't see how europe has a plan for more growth. >> we know greece is done with because they've already restructured their debt and what they did in the last two weeks, which the germans said they should do, they should have done three years ago they'd be better off. spain is the immediate problem, you have 26% unemployment which is non-performing loans. >> we have to go, 2,200 pages of health care, i'm sure the notes spain's taken how greece has got money at every turn, their pile is a bigger pile than the health care plan. >>
. >> the european markets are closing now. >> remember yesterday and all that concern we had about where italy might go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay
of comments about what happens happening in europe and the need to liberalize the taxi systems in italy and so forth. are you comfortable with the system you have now in new york? i understand the medallion changes hands for $800,000. so you have a few people who control a lot of these licenses. who are creaming off most of the profits. then you have often first generation immigrants who are tearing around on the street 12-hour days trying to make a living? is that fair? >> medallion now trades for $1 million. so i think that does prove your point in a sense. look, we are -- the biggest issue in new york city is outside the core service area in midtown, downtown manhattan. mayor bloomberg has gotten legislation out to let us create a whole separate class of taxis that will operate in the boroughs. we do need more cabs. that $1 million price -- >> did it get approved? >> the governor signed it, the taxi owners, they have a lot at stake. they've sued and it's in court now. we're going to get a final decision by may or june. i'm sure we're going to win and put the new meltions on the street. >> d
stocking suffer, the last headbangers". a dream cruise to italy pass injuries are fired up when they're sick. and stressful? i was at the mall. we're talk about the biggest pet peeves this time of the year. ♪ this christmas fire side blazing bright ♪ ♪ we're carolling through the night ♪ ♪ and this christmas ♪ axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarg
of the year and honored with that last year? >> honestly, i tell everybody that i was a big star in italy. it was amazing. the last month and a half it was a quarter of a million dollars for my own charity, which is amazing. and a new program this year, which is my passion, as you know, feeding the kids, but now it is time to move out of motel family from one room to a two-bedroom apartment. an up-to-date we have already moved 21 families. >> reporter: 21 families living in hotels now have a place to call home. bruno, i have to give you a high five on that one, that's good stuff. these types of stories like bruno's will be mirrored so many times on stage tonight here at heroes. this is one of the really -- i cover so much here in hollywood, so many award ceremonies, but this is the one you come out of with a smile on your face, you feel empowered and feel inspired. and it just makes you feel good, doesn't it? >> i have to say, ciao, momma! >> bruno is an amazing chef. there are some hungry adults here and we'll take his food as well because we love it. thank you so much, bruno and michell
is adding $900 billion to the debt every year instead of $1 trillion. it's not very long before you're italy under those circumstances pmplgts that's for sure. ed, good to see you. thank you for joining us today. appreciate it. >> thank you. >> we'll reach across the other side of the aisle. laura tyson, the former council of economic advisers under president clinton will be up next with her take on today's jobs report. >>> later on, will the housing recovery go to pops if we go over the fiscal cliff? our panelists will join us with their doom and gloom predictions. that's all coming up on "the closing bell." >> oh, boy. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load
for actions he took in italy in 1945 as a member of the legendary 442 combat team composed entirely of japanese americans. may senator inouye rest in peace. >>> now back to some stock market work. stocks continue to discount a fiscal cliff solution of some kind. as i've suggested, they're reacting positively. how about a little optimism on that story? up next, some optimism. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at ov
. the two met in a hospital in italy in the 1940s and senator inouye often credited his republican friend with getting him into politics. former senator elizabeth dole kissed her hand and touched the casket then senator bob dole saluted his old friend and colleague one final time. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around
at 7% and italy at 4.5%. my point, sean, is whether or not you or s&p or anybody else downgrades the united states, is there a danger it becomes substantially more expensive for the u.s. the borrow money anytime in the future? >> well, a lot of the borrow ei costs have been masked by the purchases by the federal reserve bank. they purchase about 75% of what the treasury has issued over the past year. the bigger challenge for a lot of institutional investors with regard to the credit quality of the u.s. is entitlement reform. the unfunded liabilities are in the area of $100 trillion depending on what type of interest rate or discount rate you use for those future liabilities. and that's something that we have some time to address but perhaps more important than the immediate deficit reduction for a lot of institutional investors including ourselves. >> all right, sean. to jim for a second. your firm manages a lot of money for individual and institutional investors. what have they been doing ahead of the fiscal cliff? >> well, good long-term investors have been keeping their eye on
against a nest of machine gunners that were perched on a ridge in italy. during that attack, he had his right arm shattered by german gunfire. he still managed to destroy the german encampment by snatching a grenade from that destroyed arm and throwing the grenade toward the enemy position taking it out and earning himself in the process the medal of honor. dan inhoye became the second longest serving senator in u.s. history, and at the time of his death he was third in the lane of succession behind the vice president and the speaker of the house. senator daniel inouye's office said he died of respiratory complications. he was 88 years old. >>> second item you should know about in today's news, outside of the news from newtown, connecticut, is what seems like the inevitability now that the next united states secretary of state is going to be massachusetts democratic senator john kerry. nbc news has been able to confirm that senator kerry will be nominated for that job by president obama likely sometime this week. senator kerry is not expected to face significant opposition in the senate
or italy that the comes back with a vengeance and the s&p gets bashed down by a torrent of selling. that's why it's so important to prepare yourself and your stocks for the next catastrophe around the corner. expected or unexpected, so that you can make money in any market, or at least lose less and not just when things are going smoothly. you have to build this stuff into what i call your world view. you have to assume that somewhere, sometime, something will go wrong. i'm not saying you should be a super skeptic perma-bear, not at all. over the course of my 31-plus years in this business i've seen the averages climb way too way, watched the market make people way too much money to ever be that cynical and close-minded. being negative all the time has not historically been a lucrative strategy, and i don't see any reason why that should change now. there are a handful of incredibly smart, professional short sellers, hats off, able to turn pessimism into profits but i don't recommend trying to follow in their footsteps at home. i never recommend short selling on this show because it's in
that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. that's still the case. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a depression? i think they'll have slow growth for years. we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform through the summer and fall with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. final
point and little italy. which was featured in the movie sleepless in seattle? >> bells point it is. >> reporter: it's 1-1. 3rd down, santana moss played at the u with this ravens safety. >> ed reed. >> reporter: i thought you would have gotten that one. >> too slow. ly it but too slow. >> reporter: no -- i had it but too slow. >> reporter: no worries. 4th down. cal ripken became the iron man of baseball by breaking whose consecutive games played? >> chris chester for the offense. i'm a jack of all trades in sports. >> reporter: congratulations the offense is making up ground now only down two in the 4 down showdown. >> as we continue. >>> we'll tell you about a home invasion with a twist. find out why a would be burglar called 911 on the homeowner he was targeting. >>> now your capital rundown with tom fitzgerald. >> we're back with your look at what's upcoming, new and noteworthy. it's your capital rundown for the week of december 10th, 2012. starting off monday healthcare reform again takes center stage on capitol hill with a briefing on how increasing the number of consumer
to des moines from italy in 19-20. manfredini held the recorrs for just a few d - weeks... whennthe previous record-holder passeddaway at the age of 116. a young girl takes on a major 13-year-old mckenna pppe petitioned for hasborr tt maae gender-neutral "eaas--akke ovens"... so her brother could have ne ttat's not purple or pink.on monday... she sat down her wish.hasbro is now planning to make a black-aad-silver ovvn... that pould hit shelves by nexx p3&that brings us to our questi of the day.what do you think about pllns to make a gender-- neutral easy ake oven? we'llltake your calls in our 7 you can also go to fox-bbltimore dot com and tell us what you think... sound off through facebook or send us a tweet.. at foxbbltimore. 3 passengers of southwest airlines... who miss their flights... ccn nn longer reebook for ffee.the airline &pis starttng a "no-show" fee.. which ii scheduled to gg nto effect next year.it will apply to people who booght didn't cancel their ticket ho - on how much the ffe will be for a missed flight. coming up... plasssssresume in newtown, cconecticu
ready with unlimited support for spain and italy, when and if they sign on to oversight agreements. these are huge dramatic changes. think about how many times we've agonized over where the money would come from for bailing out spain and italy. now we know. when they sign on to oversight. >> the point is we know -- we know what the policy response already is by the ecb and the feds. so what is going to be the next catalyst to keep the markets to those new highs you're talking about? >> the next big catalyst is obviously the fiscal cliff resolution, second, you have spain sign on to oversight from the ecb. remove any possibility of spanish default and we think that lagarde is signaling that the conditions to that oversight will be a lot about labor market reforms. those are growth enhancing, so that's another great catalyst for the market. last, but certainly not least, i think you could see the new leadership team in china come more aggressive reform program than people are expecting. >> all right. michael, good to have you. >> thank you so much. >> michael jones of riverfront. >>
plunged across northern and central italy and snow has blanketed switzerland. serbians are struggling with brutal weather as residents cross snow covered streets and cars try to maneuver slippery roads. >> in our 11 insta-weather plus forecast with ava marie. >> what a different story here as we're seeing rainfall across the metro area. a live look from skycam right now. it was foggy earlier on and the rain has picked up, helping clear the fog. you can see the rain drops on the camera. something to watch out for if you're going out this morning. dealing with fog and rain drops, as well, making the roads slick this morning. on the radar, scattered showers along the baltimore metro area including around the beltway, parts of 95 and 83, as well. west of us, the rain is more wide spread and heavier, as well, especially as you see yellow shading west of gathures burg, hagerstown, as well. this will be shifting north and east throughout the day so rain could be picking up in baltimore the next couple of hours. zooming out right now, a stationary front sitting over us. i was talking about th
, italy. >>> i'm suzanne malveaux. a huge pro-labor rally outside the michigan state house. look. demonstrators protesting so-called right-to-work legislation that lawmakers are in the process of voting on. the house has already voted to approve the part of the law covering public employees. alison kosik outside the michigan state house in lansing. give us a sense of why this is so important to folks there. a huge demonstration. people who are angry on both sides. >> reporter: oh, yeah. unions are really at the fabric of so many people who live in michigan. it's why these protesters have come out today though the numbers, they got probably as high as a few thousand. the numbers have dwindled ever since that first vote came through. this means so much to the folks who live here in michigan because unions were practically born here. the united autoworkers union born here in 1935. 17 357b9% of the people who work in the state belong to unions. it's one of the top of the highest rates in the country. so to see the union undercut by the right-to-work legislation, that is being discuss
is not okay. >> we start this morning with breaking news from italy. a massive cruise ship the costa concordia turned on its side after running aground in january. 32 passengers and crew were killed. the captain says it was an accident, not a crime. but he now faces charges. >> the ship's captain is being investigated for manslaughter and abandoning ship. >> he claims he tripped and fell into a life boat. the sentencing of jerry sandusky. >> carol, jerry sandusky will die in jail. >> a judge sentenced the 68-year-old former penn state assistant football coach to at least 30 years in jail after he was convicted of 45 counts of child sex abuse. despite the mountain of evidence against him, sandusky continues to proclaim his innocence. he's in the process of appealing his sentence. >>> number three, the shooting of unarmed 17-year-old trayvon martin. >> my son left sanford, florida in a body bag while george zimmerman went home to go to sleep in his own bed. >> accused gunman george zimmerman claims self-defense in a case that sparked international outrage and ignited racial tensions. the trial i
] the charmed memories collection at kay jewelers. each charm is hand-crafted in italy, and with hundreds of charms to choose from, the possibilities are endless. turn your special moments into charmed memories. one more reason kay is the number one jewelry store in america. these are for me, right? ♪ every kiss begins with kay >> a mix of rain andn sleet then changing over to all rain. icy roads >>> natalie and willie, over to you. >>> thank you, maria. coming up are you being watched? why the mannequin you're checking out at the mall could keep an eye on you. >> that's creepy. >>> a rare look inside the queen's wardrobe from her ma s majesty's royal dresser. first, this is "today" on nb mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >
minister of italy, he comes out with a package two thirds tax hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25 annualized rate and the situation got much worse. today italy has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's in capping deductions. but that's tough because you have to tell someone no like the housing lobby or charitable contributions. >> cappin
much better. you throw up the bund. many areas whether you talk italy or indeed greece, rates are moving down. that isn't a bad thing for funding but it does ehave peopl look at spain saying they'll do bank bailout, old program, not country bailout new program. the correction was small. goldman says stocks are the place to be. kind of making this trade a little more true than it was on its knee jerk. if you look at putting it together. you can see we're up several basis points. still not huge. if you open it up to a one-month chart, you can see that 160 remains the pivot. it's still about europe. don't despair. i'm sure the red herring of bashing tax policy in the u.s. will get to the front page before the end of the session. >> thank you very much. let's check out latest news in energy and medals with sharon epperson. >> it's the euro that we see in euro dollar helping commodities and risk on trade across the board in the sector. the fact that we are looking at that euro dollar and above 130 level is significant. also keep in mind that we did get improving factory activity. t
way or the other, we will. >> remember when we used to talk about spain? italy? >> the good old days. spain was borrowing at 7%. >> germany went to the five-year high. we could have that, too. unlike them, our economy is not in tatters. they go five-year high on tatters. audi, good car. >> yes. good car. >> meantime, shares of costco this morning up in the premarket. warehouse retailer earned 95 cents a share in the first fiscal quarter. revenue, profit margins beating forecasts helped by rising sales. those higher membership fees did hike fees a year ago november, which doesn't happen very often. the journal today says, model looks great. the business is great. the stock is just -- people want to pay a lot of money for it, jim. >> oh, yeah, costco, those are remarkable numbers. i know you did an excellent special on coastco and it seems like the execution was impressive. people want to go there. >> as gas prices come down, that helps them, given they make it a bit of a loss leader. valuation rich for your blood. >> when you go to buy a house, you see kirkland more than any other bra
. for example italy managed to auction some debt today, the longer end of the market. and there was no great move. can we have a look at that? there was no great move of the ten-year yield as a result. maybe we'll come back in a moment. let's just focus on the close out. >> the european markets are closing now. >> it is negative territory as you can see. the fiscal cliff of course plays a part in that taking some of those -- in many senses you could call it profit taking -- not in the case of spain where you see a major underperformance. >> let me say the german finance minister suggested he thought the worst of the eurozone crisis is now past. he said the government in athens knows it cannot financially over burden the rest of the eurozone countries and is acting as it should. he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happeni
. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain the volatility issue at a minimum. where do we go over the next two days of trading? we have today, we have monday and obviously we don't have tuesday. >> well, i don't know that we do a whole lot. i believe markets are just on the sidelines since before the start of the holidays for the most part. i believe there were some people holding out waiting for a fiscal cliff solution. i think we're going over the cliff, but we're grabbing one of those cartoon roots sticking out as we go over it. i think it will be a matter of days before just the political pressure of going over the cliff causes them to do about a 12-month deal. it's just -- i don't know. i hesitate to say the word ridiculous, but it's just ridiculous to watch. so market participants, the short-term market participants are on the sidelines. i think we're looking at about a 12-month
is justified. there are some critics that are angry about how the eu handle the crisis. italy markets plunged at news that the italian prime minister plans to step down later this month. he's going to wait until the national budget is passed, but investors are concerned about how it might affect the country's high levels of the debt. it means the former prime minister that led office after corruption allegations could make a comeback. >>> i want to get a look at stocks right here, how they are doing. up 33 points. looking at the dow jones, pretty good read so far. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me
found humanity. ben wedeman, florence, italy. >> you will have to head to paris where it's hanging at the museum. >>> you're in the situation room. happening now, cooking up an explosive recipe for war. a bomb maker fighting the homemade grenades. plus, supreme court justice incites political controversy with comments that some consider rather anti-gay. >> and disturbing new allegations about the owner of the plane that crashed the superstar latina. i'm wolf blitzer. you're in the situation room. >> he was the elite of the elite. soaring to the top of the u.s. special forces unit known for taking out osama bin laden and achieving a near lifelong goal many could only dream of training for. now we're learning more about the u.s. navy s.e.a.l. who died in that successful mission to rescue an american held captive in afghanistan. brian todd is in that navy s.e.a.l.'s home town. what are you learning about him? >> reporter: people in this town of north huntington and adjoining town of irvin are reeling from this loss. they say the focus and determination that nicolas checque demonstrate
Search Results 0 to 49 of about 63 (some duplicates have been removed)